Manufacturing Growing 714% Faster Under Trump than Obama

Trump does that by lending money so he can lower taxes.

 

It it really is NOT BAD. Especially for American workers. See I'm as good at this as you are.

 

Why don't you tell us why you think a trade deficit with Mexico is bad for our workers. Stop p*ssyfooting.

 

No it was a workable reform and restraint on them which the Democrats opposed, so the claim the Republicans did nothing is fallacious, to which I was responding was fallacious.

 

I've read report after report and Fannie and Freddie were the big players guaranteeing all the loans and telling the banks just send us what you got.

 

YES the Democrat policies failed to get us into a full recovery and a come back of manufacturing Obama even stating it would never come back. Well it is, they were wrong. Had they use progrowth low taxes fewer regulations and less government subsistence programs we would have had a similar result as we are now.

 

No just a little better on the composition.

 

Goods produced in Mexico, an imported to the US take those production jobs away from US workers.

Why are you being obtuse

The US economy is a collective measurement. It in no way measures who is spending and who is not. Nor does it measure the amounts spent by individuals. Maybe you can explain how the poverty rate can increase, in the same year the economy is growing

 

What is it with you left wingers trying to white wash your nasty history? It was Republicans and Republicans ONLY that argued for more regulation on the GSEs.

What is it with you people are you lies, fake news, propaganda, and conspiracies? Mike Brown had his hands up, Kavanaugh is a serial rapist, and now it's Republicans who didn't want GSE regulation. Jesus Christ, this country has some awfully dumb mofos....and it's almost a left wing monopoly. It really is sad.

 

Manufacturing moved to China and elsewhere after 2000. That wasn't NAFTA. That was the downfall of DELL and HP as well as offshoring everything else. It wasn't NAFTA.

In fact, the smart move would have been to become an EU like entity with Mexico and Canada. North America would have extended a juggernaut for 2 or 3 decades.

 

Yes that is what I said.

But by association, those trade deficits have been fueled by the economy's performance. They are directly linked in that regard. Maybe you haven't noticed.

As for the effect of trade deficits on the working class, there isn't much since it deficits are a result, not a cause. Except of course in trumpland.

 

Sure, and the EU is working out so well.

 

So now the narrative has changed to the GSEs failed and needed a government bailout not because of a lack of regulation that Democrats demanded but to GOP conspiracy to destroy their funding? WTF? You guys get more bizarre by the post.

Barney Frank's exact quote as he desperately tried to stop heavier regulation of Fannie Mae and Freddie Mac: "Fannie Mae and Freddie Mac are not in a crisis".

In fact, they were in a crisis and it was a situation that soon exploded on the American economy. The fact you are attempting to justify, rationalize, and whitewash this awful behavior that did so much damage to our country shows how disgustingly vile you and your ilk really are.

 

They are a subtraction from GDP.

Trade deficit narrows. Tired of winning yet?

4% unemployment or less for each of the last 10 months.

The Dow up 37% since we elected Donald John Trump president.

5.3 million jobs added since that election.

And now CNBC has reported, "The U.S trade deficit with its global partners fell in November for the first time after five straight months of increases as the shortfall with China and several other countries declined.

 

I'm not being obtuse at all. Trade deficits don't affect employment and a high deficit is indicative of a strong economy. Do you have evidence of a causal relationship between deficits and employment?

 

again, the congressional record shows this to be complete bullshit. Republicans killed EVERY SINGLE bill attempting to regulate fanny/freddy from 2001-2007. Unless you think there is some grand conspiracy which altered the historical congressional voting record, lol.
TIMELINE FOR FANNIE/FREDDIE REGULATION 1995-2006

No legislation to further regulate GSEs is passed by a Republican-controlled Congress.

October 7, 2004

The House Financial Services Committee Chairman Michael Oxley (R-OH) cancels a markup on legislation to reform GSEs at the request of President Bush. According to CBS Marketwatch: "Strong opposition by the Bush Administration forced a top Republican congressman to delay a vote on a bill that would create a new regulator for mortgage giants Fannie Mae and Freddie Mac."

May 25, 2005

The House Financial Services Committee, under control of House Republicans and Chairman Oxley, passed a GSE Reform bill, H.R. 1461, by a vote of 65-5. Every Democrat on the Committee voted for the bill. Five Republicans, arguing that the bill did not go far enough, voted against H.R. 1461: Reps. Ed Royce, Ron Paul, Tom Feeney, Jeb Hensarling, and Scott Garrett.

July 28, 2005

The Senate Banking, Housing and Urban Affairs Committee, then chaired by Sen. Richard Shelby (R-AL), passed S. 190, the Bush Administration’s bill, out of Committee. The bill was passed by a party-line vote of 11-10. The bill did not reach the Senate floor for a vote.

October 26, 2005

On the day the House was scheduled to vote on H.R. 1461, the Bush Administration issued a Statement of Administration Policy opposing the House Republican GSE bill.

October 26, 2005

H.R. 1461 passes House by a vote of 331-90, with 122 Democrats voting in favor. Note: Frank voted against the bill when it reached the floor, but not because of any opposition to reforming the GSEs, but because the Republican leadership decided to cut out funding for faith-based charities that provide low-income rental housing from the Affordable Housing Trust Fund.

September 2006

Oxley and Frank send a bipartisan letter to Senator Shelby urging GSE reform. Many Democrats and Republicans signed this letter urging the Senate to act.

January 2007

Democrats take control of the House and Senate; Barney Frank is named Chairman of the House Financial Services Committee.

March 28, 2007

The House Financial Services Committee passes H.R. 1427, the GSE reform bill, by a vote of 49-15. The legislation had the support of the Bush Administration and represented a tougher bill than the 2005 effort. Incredibly, 19 Republicans opposed the bill.

https://financialservices.house.gov...11/timeline_for_fannie_freddie_regulation.pdf

 

Thanks for posting nothing. Read the link I posted and learn. The cause of the collapse was derivatives which allowed the banks and other companies to write mortgages ang the pass the risks off to other investors so the loan originators had basically no risk and actually made a profit selling the derivatives. As I said about seventeen percent of the loans that failed were guaranteed by fanny and Freddy.

A very tiny part of the problem. If they had all or even a significant percentage been guaranteed by Fanny and Freddy there would have been no near financial collapse.

 

Seriously? Thanks for demonstrating your complete lack of understanding of basic economics.

Way to establish the credibility of your opinions on economic performance.

 

When did the GSE’s fail ? They were in hurting like everyone else at the time because of the deregulation of the markets. Being obtuse wont change that

They weren’t in crises. They weren’t makin as much money as they were before, and since they are a GSE their supported. FFS what are you on about here ? Barney Frank was pointing out that they weren’t in trouble, but the right was claiming they were to pass this bill which allowed them to raid the superfund, and then like they did with Obamacare, starve them and then claim they were poorly run because...”Government bad”.

They were not in the amount of trouble that the right made them out to be in. It’s a SIMPLE FACT. The were a GSE FFS. Do you even know what a GSE is ? But the right had to make it look like they were so that they could kill the program.

We’re 10 years removed from this crises, and the right is still trying to blame this on government. The “awful and disgusting behavior” you claim was in the private sector. The “markets” were allowed to run amok because the right took control and deregulated them. THAT allowed them to almost take the country down financially. Which party deregulates again ?

 

nope. republicans killed EVERY single attempt to regulate fanny/freddy from 2001-2007, as I keep showing you.



TIMELINE FOR FANNIE/FREDDIE REGULATION 1995-2006

No legislation to further regulate GSEs is passed by a Republican-controlled Congress.

October 7, 2004

The House Financial Services Committee Chairman Michael Oxley (R-OH) cancels a markup on legislation to reform GSEs at the request of President Bush. According to CBS Marketwatch: "Strong opposition by the Bush Administration forced a top Republican congressman to delay a vote on a bill that would create a new regulator for mortgage giants Fannie Mae and Freddie Mac."

May 25, 2005

The House Financial Services Committee, under control of House Republicans and Chairman Oxley, passed a GSE Reform bill, H.R. 1461, by a vote of 65-5. Every Democrat on the Committee voted for the bill. Five Republicans, arguing that the bill did not go far enough, voted against H.R. 1461: Reps. Ed Royce, Ron Paul, Tom Feeney, Jeb Hensarling, and Scott Garrett.

July 28, 2005

The Senate Banking, Housing and Urban Affairs Committee, then chaired by Sen. Richard Shelby (R-AL), passed S. 190, the Bush Administration’s bill, out of Committee. The bill was passed by a party-line vote of 11-10. The bill did not reach the Senate floor for a vote.

October 26, 2005

On the day the House was scheduled to vote on H.R. 1461, the Bush Administration issued a Statement of Administration Policy opposing the House Republican GSE bill.

October 26, 2005

H.R. 1461 passes House by a vote of 331-90, with 122 Democrats voting in favor. Note: Frank voted against the bill when it reached the floor, but not because of any opposition to reforming the GSEs, but because the Republican leadership decided to cut out funding for faith-based charities that provide low-income rental housing from the Affordable Housing Trust Fund.

September 2006

Oxley and Frank send a bipartisan letter to Senator Shelby urging GSE reform. Many Democrats and Republicans signed this letter urging the Senate to act.

January 2007

Democrats take control of the House and Senate; Barney Frank is named Chairman of the House Financial Services Committee.

March 28, 2007

The House Financial Services Committee passes H.R. 1427, the GSE reform bill, by a vote of 49-15. The legislation had the support of the Bush Administration and represented a tougher bill than the 2005 effort. Incredibly, 19 Republicans opposed the bill.

 

and republicans killed every attempt to fix that.



TIMELINE FOR FANNIE/FREDDIE REGULATION 1995-2006

No legislation to further regulate GSEs is passed by a Republican-controlled Congress.

October 7, 2004

The House Financial Services Committee Chairman Michael Oxley (R-OH) cancels a markup on legislation to reform GSEs at the request of President Bush. According to CBS Marketwatch: "Strong opposition by the Bush Administration forced a top Republican congressman to delay a vote on a bill that would create a new regulator for mortgage giants Fannie Mae and Freddie Mac."

May 25, 2005

The House Financial Services Committee, under control of House Republicans and Chairman Oxley, passed a GSE Reform bill, H.R. 1461, by a vote of 65-5. Every Democrat on the Committee voted for the bill. Five Republicans, arguing that the bill did not go far enough, voted against H.R. 1461: Reps. Ed Royce, Ron Paul, Tom Feeney, Jeb Hensarling, and Scott Garrett.

July 28, 2005

The Senate Banking, Housing and Urban Affairs Committee, then chaired by Sen. Richard Shelby (R-AL), passed S. 190, the Bush Administration’s bill, out of Committee. The bill was passed by a party-line vote of 11-10. The bill did not reach the Senate floor for a vote.

October 26, 2005

On the day the House was scheduled to vote on H.R. 1461, the Bush Administration issued a Statement of Administration Policy opposing the House Republican GSE bill.

October 26, 2005

H.R. 1461 passes House by a vote of 331-90, with 122 Democrats voting in favor. Note: Frank voted against the bill when it reached the floor, but not because of any opposition to reforming the GSEs, but because the Republican leadership decided to cut out funding for faith-based charities that provide low-income rental housing from the Affordable Housing Trust Fund.

September 2006

Oxley and Frank send a bipartisan letter to Senator Shelby urging GSE reform. Many Democrats and Republicans signed this letter urging the Senate to act.

January 2007

Democrats take control of the House and Senate; Barney Frank is named Chairman of the House Financial Services Committee.

March 28, 2007

The House Financial Services Committee passes H.R. 1427, the GSE reform bill, by a vote of 49-15. The legislation had the support of the Bush Administration and represented a tougher bill than the 2005 effort. Incredibly, 19 Republicans opposed the bill.

 

Trade deficits in their simplest form mean products being consumed are not manufactured where they are consumed. If you manufacture them, AND consume them, that would be more jobs correct ?

While at the same time an economy can be strong, but that in no way accounts for it being strong for everyone. As we have seen in the last 20-30 years, more income AND wealth is being concentrated in fewer and fewer hands. The economy is measured in the amount of money spent, but not in who spends it and how much they spend.

 

I'm afraid reality is not so simple. To be direct, no - you are not correct that there would be more jobs if we manufactured all that we consume. In fact there would likely be far FEWER jobs if this were the case. Do you not believe this is true?

 

And as I already showed the Democrats killed the only one that would have worked.

 

but we both know that is false, as I and others keep showing you.



TIMELINE FOR FANNIE/FREDDIE REGULATION 1995-2006

No legislation to further regulate GSEs is passed by a Republican-controlled Congress.

October 7, 2004

The House Financial Services Committee Chairman Michael Oxley (R-OH) cancels a markup on legislation to reform GSEs at the request of President Bush. According to CBS Marketwatch: "Strong opposition by the Bush Administration forced a top Republican congressman to delay a vote on a bill that would create a new regulator for mortgage giants Fannie Mae and Freddie Mac."

May 25, 2005

The House Financial Services Committee, under control of House Republicans and Chairman Oxley, passed a GSE Reform bill, H.R. 1461, by a vote of 65-5. Every Democrat on the Committee voted for the bill. Five Republicans, arguing that the bill did not go far enough, voted against H.R. 1461: Reps. Ed Royce, Ron Paul, Tom Feeney, Jeb Hensarling, and Scott Garrett.

July 28, 2005

The Senate Banking, Housing and Urban Affairs Committee, then chaired by Sen. Richard Shelby (R-AL), passed S. 190, the Bush Administration’s bill, out of Committee. The bill was passed by a party-line vote of 11-10. The bill did not reach the Senate floor for a vote.

October 26, 2005

On the day the House was scheduled to vote on H.R. 1461, the Bush Administration issued a Statement of Administration Policy opposing the House Republican GSE bill.

October 26, 2005

H.R. 1461 passes House by a vote of 331-90, with 122 Democrats voting in favor. Note: Frank voted against the bill when it reached the floor, but not because of any opposition to reforming the GSEs, but because the Republican leadership decided to cut out funding for faith-based charities that provide low-income rental housing from the Affordable Housing Trust Fund.

September 2006

Oxley and Frank send a bipartisan letter to Senator Shelby urging GSE reform. Many Democrats and Republicans signed this letter urging the Senate to act.

January 2007

Democrats take control of the House and Senate; Barney Frank is named Chairman of the House Financial Services Committee.

March 28, 2007

The House Financial Services Committee passes H.R. 1427, the GSE reform bill, by a vote of 49-15. The legislation had the support of the Bush Administration and represented a tougher bill than the 2005 effort. Incredibly, 19 Republicans opposed the bill.